Wall Street Zen Upgrades Service Properties Trust (NASDAQ:SVC) to “Hold”

Service Properties Trust (NASDAQ:SVC) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

SVC has been the subject of a number of other research reports. Loop Capital set a $9.00 target price on Service Properties Trust in a research note on Friday, October 2nd. Weiss Ratings downgraded Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th. Finally, Zacks Research raised Service Properties Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.05.

Service Properties Trust Stock Performance

Shares of SVC stock opened at $5.20 on Friday. The business’s fifty day simple moving average is $6.53 and its 200-day simple moving average is $8.25. Service Properties Trust has a 12-month low of $5.18 and a 12-month high of $12.15. The company has a market cap of $675.01 million, a PE ratio of -0.74 and a beta of 1.78. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 2.39.

Service Properties Trust (NASDAQ:SVC) last issued its quarterly earnings results on Wednesday, November 4th. The real estate investment trust reported ($0.68) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.39). Service Properties Trust had a negative return on equity of 69.76% and a negative net margin of 29.31%. The business had revenue of $399.52 million during the quarter, compared to analyst estimates of $318.62 million. Analysts expect that Service Properties Trust will post 1.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Service Properties Trust

A number of large investors have recently bought and sold shares of SVC. DBA Trading LLC purchased a new stake in shares of Service Properties Trust during the third quarter worth approximately $642,000. Vise Technologies Inc. acquired a new position in Service Properties Trust in the 3rd quarter valued at $74,000. Sequoia Financial Advisors LLC acquired a new position in Service Properties Trust in the 2nd quarter valued at $66,000. WINTON GROUP Ltd grew its holdings in shares of Service Properties Trust by 94.8% during the second quarter. WINTON GROUP Ltd now owns 67,000 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 32,600 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Service Properties Trust during the second quarter worth $71,000. Institutional investors and hedge funds own 77.62% of the company’s stock.

About Service Properties Trust

Service Properties Trust (NASDAQ:SVC) is a real estate investment trust that owns and invests in hospitality and service-oriented properties. The company’s portfolio has historically included hotels, extended-stay lodging properties and other real estate leased to businesses that provide essential or consumer-focused services.

Service Properties Trust generally leases its properties to hotel operators and other commercial tenants rather than managing most locations directly. Its hotel portfolio has included properties operated under a variety of well-known brands, while its service-focused properties have supported businesses such as healthcare, automotive and travel-related services.

The company’s properties are primarily located in the United States, with investments also having included select locations in Canada and Puerto Rico.